A bond has a Bonds Payable credit balance of $100,000 and a Discount on Bonds Payable debit balance of $2,943. What is the carrying amount of the bond?

1. For a bond issued at a discount, carrying amount = Bonds Payable balance minus Discount on Bonds Payable balance. 2. Compute: \$100{,}000 - \$2{,}943 = \$97{,}057. 3. The carrying amount is $97,057. 4. Option A wrongly adds the discount; a discount reduces, not increases, the carrying amount. _Source: Jonick, Principles of Financial Accounting (CC BY-SA 4.0), §5.4 "Carrying Amount of Bonds Issued at a Discount", p.228_